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FOR COMPLETION BY PROJECT OWNER OR MANAGER ONLY: <br /> A. Calculation of eligible income: <br /> (1) Enter amount entered for entire household in item 6 above: <br /> (2) If the amount entered in item 7(a) above is greater than $5,000, <br /> enter the greater of(i) the amount entered in 7(b) less the amount <br /> entered in 7(c) or (ii) 10% of the amount entered in 7(a): <br /> (3) TOTAL ELIGIBLE INCOME (Line A(I) plus line A(2): <br /> B. The amount entered in A(3) (Total Eligible Income) is: <br /> Less than $ , which is an amount <br /> equal to 50% of median income for the Minneapolis-St. <br /> Paul SMSA. <br /> More than the above-mentioned amount. <br /> C. Number of apartment unit assigned: <br /> D. This apartment unit was was not last occupied for a <br /> 'period of at least 31 consecutive days by a person or persons whose aggregate <br /> anticipated annual income, as certified in the above manner, was less than or equal to <br /> the amount at which a person would have qualified under B above. <br /> E. Applicant: <br /> Qualifies as a Lower-Income Tenant. <br /> Does not qualify as a Lower Income Tenant, <br /> • <br /> Owner or Manager <br /> EXHIBIT E <br /> INVESTOR LETTER <br /> Orono Housing and <br /> Redevelopment Authority <br /> Orono, Minnesota <br /> City of Orono, Minnesota <br /> Orono, Minnesota <br /> Re: Orono Housing and Redevelopment Authority Tax Increment <br /> Revenue Note <br /> Ladies and Gentlemen: <br /> The undersigned representative of (the "Purchaser"), <br /> being the purchaser of the Orono Housing and Redevelopment Authority Tax <br /> Increment Revenue Note of 2001, dated as of June , 2001 (the "Note"), does <br /> hereby certify, represent and warrant for the benefit of the addressees that: <br />